JD Logistics, Inc. has entered into a business transfer agreement with JD.com to acquire a target business from the JD Group for a total consideration of approximately US$270 million. Under the agreement dated October 8, 2025, JD Logistics will acquire the target business through the transfer of assets from JD.com's wholly-owned entities. Company representatives stated that the acquisition marks an important strategic step in strengthening JD Logistics' industry leadership and delivering greater value. The company's board, with the exception of Mr. Richard Qiangdong Liu who abstained, considers the terms of the agreement fair, reasonable, and beneficial to the company as a whole.
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